MRC Education Store

AI Fraud Attacks The AI Fraud Attacks course comprehensively explores the evolving threats posed by AI-driven fraud and equips participants with strategies to mitigate these risks effectively. It examines the dual role of AI in fraud, highlighting its potential to detect and perpetrate fraudulent activities. The course dives into various attack methods, such as AI-powered phishing, synthetic identity creation, and deepfake technologies, while also exploring adversarial tactics used to exploit machine learning models. Participants will gain insights into advanced detection and prevention strategies, including AI-powered fraud detection systems, behavioral analytics, and multi-layered security frameworks. The course also addresses ethical considerations and compliance with global regulations like GDPR and emerging AI-specific standards, ensuring participants understand the legal and moral implications of leveraging AI in fraud prevention. Additionally, learners will explore future trends, such as quantum computing risks and the weaponization of generative AI, to prepare for the rapidly evolving fraud landscape. Who Should Enroll? Fraud Analysts seeking advanced tools to detect and counter sophisticated AI-driven fraud schemes. Cybersecurity Specialists aiming to enhance systems to defend against emerging AI-powered threats. Payment Professionals interested in safeguarding payment systems and leveraging AI for fraud prevention. Business Leaders looking to understand the operational, financial, and reputational risks associated with AI-driven fraud. Program Details Program Level: Intermediate Program Field of Study: Specialized Knowledge Program Delivery Method: QAS Self-Study CPE Credits: 1.2 Advanced Preparation and/or Pre-requisites: Fraud Essentials is recommended. For more information regarding any concerns, please email us at programs@merchantriskcouncil.org.  Refunds and cancellations are determined on a case-by-case basis. Cancellations and requests for refunds must be communicated in writing to programs@merchantriskcouncil.org. Refunds will not be issued once a course has been started. Additionally, courses must be completed within one year of purchase. Merchant Risk Council is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org  Course Created: 2/19/2024 Read more

The Chargeback Metrics and Management course provides a comprehensive understanding of chargebacks, their role in consumer protection, and their impact on merchants. It covers the chargeback life cycle, roles of key stakeholders, and essential metrics like chargeback ratio and win rate to guide performance improvement. Participants learn effective prevention strategies, such as fraud detection tools, clear communication, and proactive customer service, to minimize disputes and financial losses. The course highlights advanced technologies like AI, analytics, and automation for streamlining chargeback processes and improving resolution success. It also emphasizes regulatory compliance, dispute response strategies, and best practices, addressing global privacy laws and card network rules to help merchants maintain good standing and avoid penalties. Future trends, including blockchain, changing consumer behaviors, and stricter data regulations, are explored to equip participants for the evolving chargeback landscape. Who Should Enroll? Fraud Analysts will refine their ability to detect and respond to suspicious activity, reducing false positives and combating friendly fraud. Payment Professionals will gain actionable insights into chargeback metrics and trends to optimize payment processes and minimize losses. eCommerce Managers will learn how to mitigate disputes and improve customer satisfaction through clear communication and proactive measures. Chargeback Specialists will enhance their expertise in tailoring responses to reason codes and assembling compelling evidence to improve win rates. Program Details Program Level: Intermediate Program Field of Study: Specialized Knowledge Program Delivery Method: QAS Self-Study CPE Credits: 1.6 Advanced Preparation and/or Pre-requisites: Payment Essentials and First Party Misuse are recommended. For more information regarding any concerns, please email us at programs@merchantriskcouncil.org.  Refunds and cancellations are determined on a case-by-case basis. Cancellations and requests for refunds must be communicated in writing to programs@merchantriskcouncil.org. Refunds will not be issued once a course has been started. Additionally, courses must be completed within one year of purchase. Merchant Risk Council is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org  Course Created: 12/19/2024 Read more

The Geolocation Technology in the Fight Against Fraud course introduces geolocation as a vital tool for fraud prevention, covering technologies like IP geolocation, GSM triangulation, Wi-Fi, GPS, and Bluetooth-based tracking. Each method brings unique strengths in pinpointing user and device locations, aiding in fraud detection by flagging suspicious behaviors, and verifying low-risk activities. The course explores geolocation's evolution from basic IP-based methods to sophisticated, multi-layered solutions that enhance accuracy and provide real-time insights. Privacy, legal compliance, and data security are emphasized, with guidance on adhering to regulations like GDPR and CCPA through transparent data handling and user consent. Learners gain practical skills in implementing geolocation for fraud detection, including setup, data collection, and integration with other security systems. The course examines evasion tactics fraudsters use, such as VPNs and location spoofing, and effective countermeasures to address these challenges. Future trends are discussed, expanding the potential of geolocation in security frameworks. Concluding with ethical and legal considerations, the course prepares participants to responsibly leverage geolocation technology for enhanced fraud prevention while upholding user privacy and trust. Who Should Enroll? Fraud Analysts will gain insights to assess risks, reduce false positives, and identify coordinated fraud attempts using geolocation data. Payment Security Specialists will learn to safeguard payment systems against unauthorized activities like card-not-present fraud and account takeovers. eCommerce Fraud Managers will enhance fraud detection during transactions, disputes, and account sharing with practical geolocation applications. Chargeback Specialists will use geolocation data to strengthen compelling evidence reports and effectively fight false claims. Program Details Program Level: Intermediate Program Field of Study: Specialized Knowledge Program Delivery Method: QAS Self-Study CPE Credits: 2.0 Advanced Preparation and/or Pre-requisites: Fraud Essentials is recommended. For more information regarding any concerns, please email us at programs@merchantriskcouncil.org.  Refunds and cancellations are determined on a case-by-case basis. Cancellations and requests for refunds must be communicated in writing to programs@merchantriskcouncil.org. Refunds will not be issued once a course has been started. Additionally, courses must be completed within one year of purchase. Merchant Risk Council is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org  Course Created: 12/04/2024 Read more

The Pay by Bank course provides a comprehensive overview of the emerging and increasingly popular payment method that allows consumers to make direct payments from their bank accounts, bypassing traditional card networks. Participants will explore how Pay by Bank leverages open banking, real-time payments, and robust security features to offer a more cost-effective, secure, and user-friendly alternative to conventional payment methods. This course covers key features, technical integration, benefits, challenges, and future trends shaping this innovative payment solution. It is designed to equip payment and fraud professionals with the knowledge needed to implement and optimize Pay by Bank in their operations while staying compliant and adapting to evolving consumer and regulatory demands. Who Should Enroll? eCommerce Payment Managers can learn how to integrate Pay by Bank into platforms, optimize checkout processes, and reduce transaction costs and cart abandonment. Fraud Prevention Specialists will understand how Pay by Bank's security features minimize fraud and protect businesses from losses. Financial Analysts in Payment Systems will gain insights into the cost-saving benefits and improved cash flow of using Pay by Bank. Compliance and Regulatory Officers can stay updated on regulatory frameworks like GDPR, PSD2, and open banking to ensure compliance. Program Details Program Level: Intermediate Program Field of Study: Specialized Knowledge Program Delivery Method: QAS Self-Study CPE Credits: 1.6 Advanced Preparation and/or Pre-requisites: Payment Essentials is recommended. For more information regarding any concerns, please email us at programs@merchantriskcouncil.org.  Refunds and cancellations are determined on a case-by-case basis. Cancellations and requests for refunds must be communicated in writing to programs@merchantriskcouncil.org. Refunds will not be issued once a course has been started. Additionally, courses must be completed within one year of purchase. Merchant Risk Council is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org  Course Created: 11/26/2024 Read more

Bot Mitigation Strategies for eCommerce explores bots' complex and dynamic ecosystem and their vast – often hidden – impact on eCommerce. These automated threats are behind massive customer data breaches and hundreds of millions of dollars lost to fraud each year. They harm the customer experience and cause long-term damage to brands. They lower companies’ revenues while raising their operating costs. They are now threatening key IP by scraping proprietary AI models and APIs. Given these stakes, an effective bot defense is of interest far beyond Security and IT teams - it is a critical foundation to safeguard the future of a business. Participants will learn about different types of attack and their impacts, understand the motivations of the attackers, and signs and symptoms their business may have a bot problem. They will become knowledgeable about how AI is fueling these threats, what defenses are effective today, and key features to look for in a bot mitigation provider. Who Should Enroll? Cybersecurity professionals and IT administrators looking to enhance their bot detection and mitigation strategies. Fraud prevention specialists seeking to protect against automated threats and improve detection accuracy. Developers and data scientists interested in applying machine learning for real-time bot detection. Digital platform managers wanting to integrate advanced bot management into their security protocols. Risk management and compliance officers ensuring security measures meet industry standards in mitigating bot attacks. Program Details Program Level: Intermediate Program Field of Study: Specialized Knowledge Program Delivery Method: QAS Self-Study CPE Credits: 1.6 Advanced Preparation and/or Pre-requisites: Fraud Essentials is recommended. For more information regarding any concerns, please email us at programs@merchantriskcouncil.org.  Refunds and cancellations are determined on a case-by-case basis. Cancellations and requests for refunds must be communicated in writing to programs@merchantriskcouncil.org. Refunds will not be issued once a course has been started. Additionally, courses must be completed within one year of purchase. Merchant Risk Council is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org  Course Created: 11/06/2024 Read more

In the fast-paced world of digital payments, optimizing transaction processing, managing costs, and enhancing fraud prevention are critical to business success. At the core of these processes lies a powerful tool—Bank Identification Numbers (BINs). This course offers payment professionals a deep dive into both standard and enhanced BIN data, equipping them with the knowledge to leverage this crucial data for optimizing payment workflows, minimizing costs, and bolstering fraud detection strategies. Participants will explore the evolution of BINs, understand their role in payment processing, and learn how enhanced BIN data provides granular insights that standard data cannot. By the end of the course, professionals will be able to use enhanced BIN data for strategic transaction routing, cost management, customer segmentation, and more. Who Should Enroll? Fraud prevention analysts will learn to use enhanced BIN data to improve fraud detection and prevent fraudulent transactions. Payment professionals will discover strategies for optimizing transaction routing and reducing costs with BIN data. Data analysts will gain insights into incorporating BIN data for better customer behavior and transaction analysis. IT and security professionals will learn to integrate BIN data into payment systems to enhance security and transaction flow. Compliance officers will understand BIN data’s role in regulatory compliance and cost management. E-commerce and retail business owners will benefit from using BIN data to personalize payment options and improve efficiency. Program Details Program Level: Intermediate Program Field of Study: Specialized Knowledge Program Delivery Method: QAS Self-Study CPE Credits: 1.6 Advanced Preparation and/or Pre-requisites: Payment Essentials is recommended. For more information regarding any concerns, please email us at programs@merchantriskcouncil.org.  Refunds and cancellations are determined on a case-by-case basis. Cancellations and requests for refunds must be communicated in writing to programs@merchantriskcouncil.org. Refunds will not be issued once a course has been started. Additionally, courses must be completed within one year of purchase. Merchant Risk Council is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org  Course Created: 10/23/2024 Read more